Ascendas REIT - Annual Report 2021

The Manager’s Review of FY2021 UBIX, SINGAPORE UBIX is a five-storey premium B1 industrial building located in Ubi Industrial hub and provides seamless connectivity to Ubi MRT Station. The property was redeveloped from two light industrial properties; 25 Ubi Road 4 which was acquired from Weltech Industries Pte Ltd in May 2005, and 27 Ubi Road 4 which was acquired from SGC Ventures Pte Ltd in April 2005. Designed with a full glass facade with excellent visibility along Ubi Avenue 2, the modern workspace is equipped with enlarged floor plates of up to 4,300 sq m and ground floor units come with ceilings of up to seven metres. The common areas include an activatedmain lobby, integrated ancillary cafe, collaborative workspaces and end-of-trip facilities to promote a vibrate and conducive environment. The redevelopment has achieved BCA Green Mark Gold PLUS certification. Total development cost: S$38.2 million Completion date: 7 January 2022 DEVELOPMENT AND REDEVELOPMENT PROJECTS: ON-GOING MQX4, SYDNEY, AUSTRALIA MQX4 was acquired from Frasers Property Industries and Winten Property Group to be developed to a nine-storey building comprising eight levels of office space, ground floor retail and 204 car park spaces. Upon completion, it is targeted to achieve a 6 Star Green Star Design & As-Built rating and 5.5 Star NABERS Energy rating. MQX4 is well located in the heart of Macquarie Park with direct access to the Macquarie Park Metro station. With the opening of the Sydney Metro City Line in 2024, this will further reduce travel time to the CBD to 20 minutes. It is also located in a well-established business precinct that is home to corporate headquarters across resilient industries such as the pharmaceutical technology, electronics and telecommunication sectors. Estimated Purchase Consideration: S$161.0 million Estimated completion date: 4Q 2022 Artist’s Impression Annual Report 2021 45